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August 6th, 2013 
FAKE NEWS for the Zionist agenda RT – July activity in Russia’s service sector nosedived to its lowest since August 2010, following the country’s manufacturing in one of its sharpest contractions, HSBC report has said. This signals a sharp rise in the risk to economic growth in Russia. Business activity of Russian private service businesses was once again on the decline in July and reached its lowest value in 3 years, HSBC said in a research report. The Purchasing Manager Index (PMI) tailored by HSBC to give a snapshot of business conditions in the sector fell to 48.7, from 48.8 in June. The overall Output Index that embraces both manufacturing and services also posted 48.7 – the first negative reading since July 2009. On a 100 – point scale a reading below 50 points to contraction. “Like a duet of synchronised springboard divers, output in services and manufacturing dove in unison at identical rates in July”, as Alexander Morozov, HSBC Chief Economist for Russia and CIS, put it. “In essence, it appears that the Russian economy has lost its growth engines, with neither manufacturing nor services being able to sustain overall economic growth alone anymore,” Morozov added. Read Article
Source Article from http://openyoureyesnews.com/2013/08/06/a-synchronised-dive-russias-services-follow-manufacturing-in-its-3-year-low-slump/
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